By admin 
Today in crypto, Warren Buffett announces he wants to step down as CEO of Berkshire Hathaway by the end of 2025, Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, and Apple has eased crypto application rules following a court order.
Berkshire Hathaway CEO and notable investor Warren Buffett to step down by the end of 2025
Warren Buffett, the CEO and founder of the Berkshire Hathaway investment firm, announced he is stepping down by the end of 2025 and letting his successor Greg Abel, the company’s vice chairman of non-insurance operations, take the helm.
The decision is still subject to the approval of the company’s board of directors. However, Buffett said he was confident that the board would fully back the decision to elevate Abel, who has been groomed for this position for years, to the position of CEO.
Speaking at the Berkshire Hathaway annual shareholder meeting on May 3, 2025, Buffett announced his decision:
“The time has arrived when Greg should become the Chief executive officer of the company at year-end, and I want to spring that on the directors effectively and give that as my recommendation.”
Although investors have long anticipated the move, Buffett’s announcement officially signals the end of an era at the publicly traded investment company.
Arizona governor vetoes bill to make Bitcoin part of state reserves
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.
The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin (BTC) and create a reserve managed by state officials, was formally struck down on Friday, according to an update on the Arizona State Legislature’s website.
“Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs wrote in a statement aimed at Warren Petersen, the President of the Arizona Senate.
Hobbs had previously stated she would veto any legislation not tied to a bipartisan agreement on disability funding.
Apple softens crypto app rules, “hugely bullish” for crypto industry
Crypto app developers are now free to direct users to payments outside of Apple’s ecosystem without restrictions or hefty fees, after a United States district judge ruled that Apple violated an injunction in its antitrust legal battle against Epic Games.
“The Court finds Apple in willful violation of this Court’s 2021 Injunction, which was issued to restrain and prohibit Apple’s anticompetitive conduct and anticompetitive pricing. Apple’s continued attempts to interfere with competition will not be tolerated,” US district judge Yvonne Gonzalez Rogers said in an April 30 court filing.
“Effective immediately, Apple will no longer impede developers’ ability to communicate with users, nor will they levy or impose a new commission on off-app purchases,” Rogers added.
Rogers reiterated, “This is an injunction, not a negotiation. There are no do-overs once a party willfully disregards a court order. Time is of the essence.”